Circular Letter No. 3881 — Defines the Content and Form of Disclosure of the Special Administration Asset Portfolio Statement (DCA-AE)

The Head of the Department of Financial System Regulation (Denor), using the attribution conferred by art. 23, item I, clause "a", combined with art. 116, item I, clause "e", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on item 4 of Circular No. 1,540, of October 6, 1989, and considering the provisions of Circular No. 3,896, of May 9, 2018,

R E S O L V E :

Art. 1º The fiduciary agent responsible for the administration of the asset portfolio and the Guaranteed Real Estate Notes (LIGs) guaranteed by it must disclose the document Special Administration Asset Portfolio Statement (DCA-AE), in accordance with the content and form defined in Annex 1 of this Circular Letter, in the cases of decree of intervention, extrajudicial liquidation or bankruptcy of the issuing institution, or of recognition of its state of insolvency by the Central Bank of Brazil.

Art. 2º This Circular Letter enters into force on the date of its publication.

          João André Calvino Marques Pereira

ANNEX 1

SPECIAL ADMINISTRATION ASSET PORTFOLIO STATEMENT (DCA-AE)

Position on ___ /___ /___

                  LIG Issuance Program:

Table 1: Individual and consolidated data (in R$ thousand)

ASSETS/LIGs	NOMINAL VALUE (art. 34 of Res. 4,598/2017)
1. REAL ESTATE CREDITS (book value, net of loss provision, observing art. 9 of Res. 2,682/1999 and arts. 19, I, and 20, I, II, III and IV, of Res. 4,598/2017)
1.1 Acquisition
1.1.1 Residential
1.1.2 Non-Residential
1.2 Construction
1.2.1 Residential
1.2.2 Non-Residential
1.3 Production
1.3.1 Residential
1.3.2 Non-Residential
1.4 Home Equity
2. SECURITIES ISSUED BY THE NATIONAL TREASURY (art. 19, II, of Res. 4,598/2017)
2.1 LFT
2.2 NTN
2.2.1 NTN – A
2.2.2 NTN – B
2.2.3 NTN – C
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2.2.n NTN – n
2.3 LTN
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3. DERIVATIVE INSTRUMENTS (art. 19, III, of Res. 4,598/2017)
4. FINANCIAL AVAILABILITIES (art. 19, IV, of Res. 4,598/2017)
5. COMMITTED OPERATIONS (art. 53, II, of Res. 4,598/2017)
6. OTHER ASSETS (art. 53, IV, of Res. 4,598/2017)
7. TOTAL ASSET PORTFOLIO (1+2+3+4+5+6)
8. ASSETS OFFERED AS COLLATERAL (art. 51, I and II, of Res. 4,598/2017)
9. LIG OBLIGATIONS IN CIRCULATION
9.1 Series A
9.2 Series B
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9.n Series n
10. FIDUCIARY AGENT REMUNERATION (arts. 27 and 61 of Res. 4,598/2017)
11. OBLIGATIONS RELATED TO CONTRACTED LOANS (art. 51, II, of Res. 4,598/2017)
12. OTHER OBLIGATIONS RELATED TO ADMINISTRATION

Table 2: Verification of sufficiency requirement

REQUIREMENTS	RESULT (%)
13. NOMINAL SUFFICIENCY (art. 56 of Res. 4,598/2017)

Table 3: Verification of liquidity requirement (in R$ thousand)

COMPONENTS	VALUE
14. LIQUID ASSETS (art. 57, § 1º, of Res. 4,598/2017)
15. LIQUIDITY NEED (art. 57 of Res. 4,598/2017)

Table 4: Consolidated data for the purpose of updating the accounting record referred to in art. 1º, § 2º, of Circular No. 3,896, of May 9, 2018 (in R$ thousand)

ASSETS/OBLIGATIONS	BOOK VALUE (Res. 4,516/2016)
16. TOTAL ASSETS
16.1 REAL ESTATE CREDITS (art. 19, I, of Res. 4,598/2017)
16.2 SECURITIES ISSUED BY THE NATIONAL TREASURY (art. 19, II, of Res. 4,598/2017)
16.3 DERIVATIVE INSTRUMENTS (art. 19, III, of Res. 4,598/2017)
16.4 FINANCIAL AVAILABILITIES (art. 19, IV, of Res. 4,598/2017)
16.5 COMMITTED OPERATIONS (art. 53, II, of Res. 4,598/2017)
16.6 OTHER ASSETS (art. 53, IV, of Res. 4,598/2017)
17. TOTAL OBLIGATIONS

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Place and Date

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Director of the fiduciary agent responsible

for the LIG issuance operation

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Accounting Professional

CRC: CPF: